Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans X, Y and Z are partners in a firm sharing profits and losses equally. The balance Sheet of the firm as at 31st March, 2023 stood as follows: 201 viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 5 : 3 : 2. C retires and A and B agree to share future profits in the ratio of 6 : 4 157 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. C retires and new profit sharing ratio is agreed at 3 : 1 178 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. A retries and the new ratio between B and C is agreed at 3 : 2. Give journal entries on A’s retirement in the following case: 154 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 4 : 3 : 2 : 2. C retires and the remaining partners decided to share future profits in 5 : 3 : 2 169 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 1 : 2 : 3 : 4. D retires and his share in taken up by A and B equally. Goodwill was valued at 3 year’s purchase of average profits which were ₹ 20,000 165 viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits and losses in the ratio of 5 : 3 : 2. Following was their Balance Sheet as at 31st March, 2023: 188 viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans On 1st April, 2023, a partnership firm had assets of ₹ 2,00,000 including cash of ₹ 6,000 and bank balance of ₹ 14,000 408 viewsAnurag Pathak Answered question April 12, 2025Goodwill 0 Votes 1 Ans Reema and Seema are partners sharing profits equally. The Partnership Deed provides that both Reema and Seema will get a monthly salary of ₹ 15,000 each 5.19K viewsAnurag Pathak Changed status to publish April 11, 2025[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Pranav, Karan and Rahim were partners sharing profits in the ratio of 3 : 2 : 1. Their capitals were ₹ 5,00,00, ₹ 3,00,000, and ₹ 2,00,000 respectively 10.31K viewsAnurag Pathak Changed status to publish April 10, 2025[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans State, giving reason, whether the Current Ratio will improve or decline or will have no effect in each of the following transactions if Current Ratio is 2 : 1. 332 viewsAnurag Pathak Changed status to publish April 9, 2025Accounting Ratios 0 Votes 1 Ans Calculate Current Ratio from the following information Equity Share Capital 8,00,000 Inventories 1,00,000 288 viewsAnurag Pathak Answered question April 9, 2025Accounting Ratios 0 Votes 0 Ans Soham, Ashish, Vidhesh and Rashi were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. with effect from 1st April, 2023, they decided to share profits and losses in the ratio of 2 : 1 : 1 : 1 283 viewsAnurag Pathak Changed status to publish April 8, 2025Change in Profit Sharing Ratio 0 Votes 1 Ans Anu, Manu, Sonu and Rohan were partners in a firm sharing profits and losses in the ratio of 1 : 2 : 1 : 2. with effect from 1st April, 2023, they decided to share profits and losses in the ratio of 2 : 4 : 1 : 3 319 viewsAnurag Pathak Answered question April 8, 2025Change in Profit Sharing Ratio 0 Votes 1 Ans X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, firm’s goodwill is valued at ₹ 30,000 327 viewsAnurag Pathak Answered question April 8, 2025Goodwill 0 Votes 1 Ans Rohit and Hardik are partners sharing profits and losses equally. They decided to admit Surya as a partner for 1/3 share. For this purpose, the goodwill of the firm is to be valued 374 viewsAnurag Pathak Answered question April 8, 2025Goodwill 0 Votes 1 Ans Amit and Kartik are partners sharing profits and losses equally. They decided to admit Saurabh for an equal share in the profits. For this purpose, the goodwill of the firm was to be valued at four years’ purchase of super profits 301 viewsAnurag Pathak Changed status to publish April 8, 2025Goodwill 0 Votes 1 Ans Sakshi and Megha were partners sharing profits and losses in the ratio of 3 : 1. Capital Employed as on 31st March, 2024 was ₹ 14,00,000 317 viewsAnurag Pathak Answered question April 8, 2025Goodwill 0 Votes 1 Ans Anand, Ridhi, and Shyam were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their fixed capitals were ₹ 1,00,000, 60,000, and 40,000, respectively 318 viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans On 31st March, 2023, the capitals of Raghav and Diya stood at ₹ 4,00,000 and ₹ 3,00,000 respectively, after the necessary adjustment in respect of 326 viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Mohan, Suhaan and Adit were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Their fixed capitals were: ₹ 2,00,000; ₹ 1,00,000 and ₹ 1,00,000 respectively 367 viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Atul and Gita were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their fixed capitals were ₹ 4,00,000 and ₹ 2,00,000, respectively 264 viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Neeraj and Surya are partners sharing profits and losses in the ratio of 2 : 1. Their capitals are ₹ 4,00,000 and ₹ 2,00,000 respectively 328 viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Sumit and Namit are partners sharing profits in the ratio of 3 : 2. They contribute ₹ 1,00,000 and ₹ 50,000 respectively towards capital. Compute interest on capital and show distribution of profit in the following cases: 325 viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Vinod and Mohan are partners sharing profits and losses in the ratio of 4 : 3. From the following Balance sheet, Calculate interest on Capital @ 6% p.a 329 viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm « Previous 1 2 3 4 5 6 … 173 174 Next » Question and answer is powered by anspress.net
